{"id":43048,"date":"2025-05-24T12:45:23","date_gmt":"2025-05-24T09:45:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43048"},"modified":"2025-05-24T12:39:17","modified_gmt":"2025-05-24T09:39:17","slug":"polygon-co-founder-mihailo-bjelic-departure-news","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/polygon-co-founder-mihailo-bjelic-departure-news\/","title":{"rendered":"Polygon Co-Founder Steps Down Amid Token Shift!"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Mihailo Bjelic, co-founder of Polygon<\/strong>, has announced his departure from the project. This marks the third instance of a founder leaving the company. Bjelic\u2019s exit has raised questions about the project\u2019s future and management structure. However, Bjelic stated that his departure would not harm the project and that it would continue to develop. These exits create uncertainty about how the company\u2019s management structure will take shape.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong>In a statement on X, Bjelic said:\u00a0<\/strong><\/p>\n<blockquote><p><span data-contrast=\"auto\">\u201cAs projects evolve and mature, it\u2019s natural for visions to evolve and sometimes diverge. With that in mind, I can no longer contribute to Polygon to the best of my abilities. However, I am confident that the project\u2019s leadership is fully committed to its success. I will always be cheering from the sidelines and supporting however I can.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">Bjelic will resign from his roles on the <strong>Polygon Foundation<\/strong> board. Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun founded Matic Network in 2017. The team later rebranded the project as Polygon. Polygon has gained a significant place in the blockchain ecosystem with its Ethereum Layer 2 solutions. Additionally, the platform has conducted significant R&amp;D in zero-knowledge and proof-of-stake technologies.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">Polygon 2.0 and Token Transition: A New Step in Blockchain<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\"><strong>Polygon<\/strong> launched a significant token transition in late 2024 as part of its 2.0 roadmap. <a href=\"https:\/\/coinengineer.net\/blog\/binance-suspends-matic-deposits-relisting-as-pol\/\"><strong>MATIC<\/strong><\/a> tokens were replaced with the new<strong> POL tokens<\/strong> at a 1:1 ratio. This change aimed to expand the use of the network\u2019s native tokens across gas fees, staking, and infrastructure like AggLayer, making the<strong> Polygon network<\/strong> more functional and user-friendly.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Bjelic\u2019s departure is seen as a natural outcome of the token\u2019s decentralization and changes in the governance structure. Nevertheless, <strong>Polygon<\/strong> continues its development process without slowing down. The team remains focused on technical innovations and pushing the boundaries of <strong>blockchain<\/strong> technology. With the support of the community and investors, token continues to strengthen its leadership position in <strong>Ethereum Layer 2<\/strong> solutions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Lastly, <strong>POL<\/strong> is trading at approximately $0.237. This price is about <strong>69% lower than its all-time high<\/strong> of $0.77 in December 2024. The 24-hour trading volume is approximately $142 million.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mihailo Bjelic, co-founder of Polygon, has announced his departure from the project. This marks the third instance of a founder leaving the company. Bjelic\u2019s exit has raised questions about the project\u2019s future and management structure. However, Bjelic stated that his departure would not harm the project and that it would continue to develop. These exits<\/p>\n","protected":false},"author":36,"featured_media":43049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657],"tags":[192,2279,847,58,5558,4963,81,16355,16356,2171,84,16357,15179],"class_list":["post-43048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","tag-blockchain","tag-blockchain-technology","tag-crypto-news","tag-cryptocurrency","tag-decentralization","tag-ethereum-layer-2","tag-matic","tag-mihailo-bjelic","tag-pol-2-0","tag-pol-token","tag-polygon","tag-polygon-foundation","tag-token-transition"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polygon Co-Founder Steps Down Amid Token Shift! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/polygon-co-founder-mihailo-bjelic-departure-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polygon Co-Founder Steps Down Amid Token Shift! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Mihailo Bjelic, co-founder of Polygon, has announced his departure from the project. 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